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The number of IPTV subscribers will reach 53 million and service provider capital expenditure (capex) on IPTV infrastructure will reach $26 billion by 2009, according to a new report from international research and consulting firm Infonetics.

The report, “IPTV Equipment, Services, and Subscribers” also projects worldwide IPTV equipment revenue will grow to $6 billion, and service revenue will jump to $38 billion.

Broadband service providers with DSL and FTTH services account for the bulk of IPTV service revenue now, but cable broadband providers also will migrate to all-IP triple-play services in the next few years, and offer wireless services as well, according to the report.

According to the report, 2005 IPTV market benchmarks include:

Worldwide IPTV equipment revenue topped $400 million;

EMEA is the leading region for IPTV service revenue, accounting for 48 percent of the worldwide total;

IP STB revenue represents 42 percent of all IPTV equipment;

IP STB sales will nearly double every year for the next three years;

The number of IPTV subscribers in Asia Pacific almost doubled between 2004 and 2005, where faster forms of DSL like VDSL2 and ADSL2/2+ are stimulating subscriber growth;

The number of IPTV subscribers in North America will increase more than 40-fold between 2005 and 2009.